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Jerry Emig

jerry@stclair-realty.com +1(810) 531-6211

$ 675,000

Est. payment -/mo

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1705 OAKMAN Boulevard Detroit, MI 48238 3830

13 Baths

8,748 SqFt

UPDATED:

02/18/2025 02:40 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,748 sqft

Price per Sqft $77

Subdivision Mi

MLS Listing ID 60371140

Full Baths 13

Year Built 1927

Annual Tax Amount $2,970

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50.00 x 120.00

Property Sub-Type Multi-Family

Property Description

Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. Itâ€™s a solid investment with 10 out of the 13 units currently rented, so youâ€™ll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually 3 units are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years. Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. Itâ€™s a smart choice for anyone looking to invest in a growing area!

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block

Interior

Heating Baseboard

Fireplace No

Exterior

Exterior Feature Brick

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $100

Energy Description Natural Gas

Financing Cash,Conventional

Virtual Tour https://photos.app.goo.gl/xCH6TeuUugXfVTUn7

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by RE/MAX Leading Edge

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Jerry Emig

+1(810) 531-6211

Broker | License ID: 6502432722

Broker License ID: 6502432722